eBay acquire Goldin, sell eBay Vault

Category: eBay News
eBay acquire Goldin, sell eBay Vault

eBay and Collectors, parent company of PSA, the leading third party authentication and grading provider in the collectibles industry, have announced agreements for the sale of Goldin from Collectors to eBay, and the sale of the eBay vault from eBay to PSA.

The different but complementary strengths of the companies will support more streamlined buying, selling, grading, and storage experiences for all who participate in the trading card hobby in the United States. Together, eBay and PSA will offer a full, seamless, customer-centric product experience for the collecting community that will be unveiled over the coming months.

eBay is relentlessly focused on providing the best inventory and the highest level of trust for our global community. The deals announced today further our mission of reinventing the future of ecommerce for enthusiasts, and we are excited to partner with PSA to offer a simpler, more personalized experience for passionate collectors. PSA is a premier player in trading cards and collectibles with unmatched capabilities, and we believe our shared expertise will inspire even more people to sell, shop and collect with confidence.

– Jamie Iannone, CEO, eBay

This will benefit The Hobby above all else, which is the primary goal of this innovative partnership between eBay and PSA. We will drastically improve the collector experience by creating a seamless, end-to-end journey. No matter an individual collector’s goals, this partnership will make collecting safer, easier and more fun. We’re excited to combine the scale and trust across eBay’s global marketplace with PSA’s authentication and grading expertise.

– Nat Turner, CEO, Collectors

The newly established partnership will combine complementary service offerings from each brand to remove friction from trading cards, and power a sophisticated, integrated program to buy, sell, grade, and store trading cards and collectible card games. The companies remain focused on enabling The Hobby while unlocking economic opportunity for all collectors to enhance their experiences along their collecting journey.

PSA to enable selling on eBay

This partnership will also extend grading services to customers in the US through a simple and streamlined process, building upon the existing confidence buyers and sellers have in PSA’s grading expertise. Additionally, PSA will introduce a new service offering to allow customers to list and sell trading cards on eBay at the time a card is graded, accelerating time-to-market and quality of listing. Existing options for grading and sale will remain available.

eBay will own US auction house

eBay’s agreement to acquire Goldin, a leading US-based auction house for high-value trading cards and collectibles, will enhance existing marketplace offerings by expanding the range of inventory available to customers and opening up an expansive new audience for Goldin sellers.  This will enable a more well-rounded collecting experience across price points. 

We see so much opportunity ahead with eBay, and I am incredibly excited for this new chapter for the Goldin brand. This deal will enhance and expand our reach as we continue to do what we do best – source incredible collector’s items – and connect with millions of enthusiasts around the world. I am looking forward to an amazing future with eBay.

– Ken Goldin, Founder and CEO, Goldin

The future for the eBay Vault

PSA has also agreed to acquire the eBay vault, while maintaining seamless access to vault services for eBay’s U.S. customers. There will be no immediate changes to the services provided for a period of time post-closing. After the deal closes, PSA will fold its existing vault services along with eBay’s vault program, into a newly branded offering with further details coming, including integrating selling and grading services.

RELATED POSTS..

eBay Appoints Amy Bannerman as its in-house Pre-Loved Style Director

Step inside eBay’s Love Island shared wardrobe

eBay's fourth annual Recommerce Report

eBay’s fourth annual Recommerce Report

Wahaaj Shabbir - From sneakerhead to Head of Sneakers at eBay UK

Wahaaj Shabbir – From sneakerhead to Head of Sneakers at eBay UK

eBay UK returns as Love Island sponsor to promote pre-loved fashion

eBay UK returns as Love Island sponsor to promote pre-loved fashion

eBay Roadshow Belfast - 13th June

eBay Roadshow Belfast – 13th June

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars